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Deductions & credits
Another problem with your plan is that IRS Publication 523 doesn't describe any military exception to the two-year "look-back" requirement - the rule that you may take the capital gain exclusion only once during a two-year period.
https://www.irs.gov/publications/p523#en_US_2022_publink10008998
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎August 26, 2023
2:51 PM